Have You Lost All Your Money Yet? You May Soon!

by: Lance Wallach

In the past few months many of us have received updates regarding the current state of our investments. Sticker shock would be an understatement. Thousands have been lost as a direct result of the fiasco occurring as of this writing. Savings that would not only enhance our future but in many cases investments that we would use for our children's educations are gone. The downward spiral will continue as the shrapnel from these events moves through out our failing economy. It won't stop in the foreseeable future.

And it won't stop with just obvious monetary losses. No not at all. The watchdog agencies will now have to redeem themselves at the expense of us being scrutinized in every manner imaginable. Trust me that no stone will be left unturned.

Treading water in the tide of an ebbing economy is not a solution. It would seem that the seemingly indestructible giants of Wall Street have begun to crumble. Lehman Brothers is no more, Merrill Lynch has been taken down a peg or two, and now, disaster is apparently looming over Morgan-Stanley like the Sword of Damocles. That's not to mention the looming threat to the consumer banking industry. As industry insiders, we've seen the writing on the wall for quite some time. Now everybody else can see it too.

The hopes of many investors in the stock market have been shaken to the core. A number of individuals are suffering potentially substantial losses of their hard-earned money in a volatile market. Consumers need advisors who can guide them toward a safe harbor. A good place to look for expert advice is http://FinanceExperts.org - The leading authorities in tax, law, finance, pensions and insurance are members of that organization, and you can be certain you will get the honest & educated advice you need right now.

Consumers are fearful, and if they say they aren't, it's probable that they aren't being honest. For most Americans today, a stress-free retirement is looking more and more impossible. But it doesn't have to look that way. A good first step to taking control of your financial future is to stay informed of the important tax, retirement & financial issues that affect you. You can read many published articles by financial experts for free at http://TaxLibrary.us

As previously mentioned, the veil has been pulled back on the stock market's heavy hitters. Consumers now know there is indeed no "wizard" behind the curtain, just a few individuals in designer suits pulling down astronomical sums of money for the advice they send down from on high. Who can forget the images of the Lehman Bros. employees in New York City , emptying their offices into boxes and carrying them down 7th Avenue ? As sad as a sight it was to see, it was a day we all had the feeling was coming, right? But now that it's here, why don't we feel any better?

In a word... we feel compassion. I know, to many in this industry, that is an incredibly dirty word. But we all feel it to some degree; be it for the out-of-work traders and brokers, or the investors who are wondering what is going to happen to their future, we all feel some concern. But when it comes to who will receive most of our compassion, my money is on the investors. We hate to have an "I told you so" attitude, but at times it is hard to avoid. But rather than dwell on this compassion, why not capitalize on it? Now is the time to circle the wagons around those struggling consumers, and save the day after all.

Lance Wallach, CLU, ChFC, speaks and writes extensively about VEBAs, retirement plans, and tax reduction strategies. He speaks at more than seventy conventions a year and writes for over fifty national publications. For more information and additional articles on these subjects, call 516-938-5007/935-7346, or visit Mr. Wallachs website http://VebaPlan.com

The information provided herein is not intended as legal, accounting, financial or any other type of advice for any specific individual or other entity. You should contact an appropriate professional for any such advice.